Do Tennis Players Pay Tax On Prize Money? - My Tennis HQ
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So how does income tax work on tennis players’ prize money? The amount of tax money a tennis player will pay on prize money will depend exclusively on the location the money was earned, made, or received. After a player competes in Wimbledon, for instance, he or she is taxed according to U.K. taxation laws - regardless of where that player is from. If that same player competes in the French Open, he or she will be taxed according to French taxation laws, and so on. After the players pay taxes to the local government where the prize money was earned, they do not have to pay income tax on it again when they return back home.
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